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Wasps statement: Club admit HMRC dialogue over unpaid tax bill
By Liam Heagney
Wasps have become the second Gallagher Premiership club this week to confirm they are in talks with the HM Revenue and Customs (HMRC) over unpaid taxes just weeks before the start of the new 2022/23 season in England. It was Wednesday when Worcester admitted they have an outstanding tax amount owed by the club to HMRC, who have issued a winding-up petition against them.
Wasps have now also revealed they too are in negotiations with the HMRC. The admission comes following months of speculation about the health of their finances following the inability to repay the £35million bond that was due to be settled with investors who stumped up in 2015.
A newspaper report claimed that Wasps - like Worcester - were being chased by the HMRC over an unpaid tax bill and they have now issued a statement via the BBC claiming they are in proactive discussions with them.
The statement read: "We have a strong relationship with HMRC. In common with many businesses, we agreed on a time-to-pay arrangement with HMRC coming out of the Covid-19 lockdown.
"We will continue to engage in proactive discussions with them. Many companies and business sectors are in exactly the same situation after the most economically challenging two and a half years in living memory.
"Individual businesses in leisure, sport, entertainment, conferencing and hospitality have been hit particularly hard and we are involved in all five of those sectors. We have a robust business model with a busier than ever order book for concerts, conferences, exhibitions and other events which will see us prosper into the future.”
The statement from Wasps regarding their discussions with the HMRC is the latest development in a week where there was further acrimony with tenant club Coventry City over the condition of the Coventry Building Society Arena pitch and it also emerged that club owner Derek Richardson had sold his 50 per cent stake in the Wasps training ground in Henley-in-Arden that was opened last September.
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Latest Comments
I hope super bee and mopar didn’t read it all.
Go to commentsYou’ve got to look forward to next weekend more than anything too.
They really use this sorta system? Much smaller pool of bonus points available, that would mean they have far less impact. Interestingly you must be withen winning range/chance in France’s Top 14 league, rather that just draw territory, so 6 points instead of 7. Fairly arbitrary and pointless (something the NRL would do to try and look cool), but kinda cool.
I said it Nick’s and other articles, I’m not sure about the fixed nature of matchups in these opening rounds. For instance, I would be interested in seeing an improved ranking/prediction/reflection ladder to what we had last year, were some author here game so rejigged list of teams purely based of ‘who had played who’ so far in the competition. It was designed to analyze the ladder and better predict what the real order would be after the full round robin had completed. It needed some improvement, like factoring in historical data as well, as it was a bit skiwif, but it is the sort of thing that would give a better depiction of what sort of contests weve had so far, because just using my intuition, the matchups have been very ‘level appropriate’ so far, and were jet to get the other end of the spectrum, season ranked bottom sides v top sides etc.
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